The US dollar sought support to rise in the European session as investors now await the release of US retail sales data that will be the driving force of the giant currency ahead of the close of trading this week.
At the time of writing, the dollar index is trading lower at 93.94 against most major currencies.
The pound sterling was among the most prominent in the European session, as the currency climbed to a three -week high of 1.3732 against the US dollar.
US retail sales are expected to show a decline in September after registering a significant increase in the previous month.
In addition, investors are also wary of sentiment ahead of the close of weekend trading for any profit-taking activity.
Meanwhile, growing confidence that the Bank of England (BOE) will raise interest rates this year continues to support the currency, but developments on post-Brexit have somewhat hampered the pound from rising higher.
Trading in the euro remained stable above 1.1600 against the greenback waiting for the next catalyst to drive further movement.
Meanwhile, commodity -linked currencies declined slightly, but remained strong around weekly highs. The Aussie dollar traded strong at 0.7420 while the kiwi traded around 0.7050 against the USD.
The Canadian dollar was strong at a 3 -month high, trading at 1.2347 against the greenback, supported by strong oil prices.
